Prabhudas Lilladher advises long-term SIPs in Aditya Birla Group stocks UltraTech Cement, Hindalco and more; here's why
UltraTech Cement: As per the brokerage, the expansion in infrastructure projects is fueling demand for cement, boosting UltraTech's revenue. The country’s largest cement manufacturer reported strong earnings for the January-March quarter as its consolidated net profit rose 36 percent to ₹2,258 crore from ₹1,666 crore year-on-year (YoY), beating estimates, led by a decline in fuel costs and double-digit volume growth. The company’s consolidated revenue from operations in Q4FY24 increased 9.4 percent YoY to ₹20,419 crore.
In the last 1 year, the stock rose over 32 percent whereas it has lost 5 percent in 2024 YTD. It has gained 2.5 percent in April so far after 3 straight months of losses. Grasim Industries: Prabhudas Lilladher noted that the company’s focus on sustainable textiles and chemicals has propelled Grasim's market leadership in the industry.
The stock has jumped 39 percent in the last one year and over 12 percent in 2024 YTD. The stock has given positive returns in all 4 months this year. It rose 4.6 percent in April, extending gains for the 6th straight month.
The stock hit its record high ₹2,416.05 in intra-day deals today, rallying over 45 percent from its 52-week low of ₹1,661.23, hit on May 26, 2023. The company has not yet posted its March quarter results for FY24. Hindalco Industries: For Hindalco, the brokerage believes that the rising global demand for aluminum will continue to drive Hindalco's profitability and market share.
The stock has rallied 49 percent in the last one year and 5 percent in 2024 YTD. It has surged over 15 percent in April so far after an 11 percent jump in March. However, it lost 13 percent and 5.7 percent in February and January 2024.
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